Colliers tracked nearly $1 billion in hotel sales YTD Q2 2025 led by major market transactions
Highlights:
Resilient Fundamentals: Strong operating performance and ample capital availability continue to drive hotel investment activity, with several transactions across key metro areas including Toronto, Vancouver, Montreal, and Ottawa closing in the second quarter.
Pricing Momentum: Investor confidence remains high and is fuelling robust pricing across all service segments with national average price per key metrics approaching $200,000, up 18% year-over-year.
Favourable Sell-Side Conditions: Heightened competition and strong valuations have driven favourable sell-side conditions, though limited product availability continues to constrain deal flow with more buyers than sellers in the market.
Transaction Momentum: Looking ahead, several large-scale transactions have already closed in the third quarter, surpassing total Q2 volume. Based on the current pipeline, Colliers forecasts year-end transaction volume to approach $2 billion, in-line with 2024 levels.
Download the latest INNvestment Canada Hotel Report for preliminary transaction highlights and selected trades from the second quarter of 2025.
